Tuesday, June 27, 2017

Drive.ai Parks $50M Funding Round

Mountain View-based Drive.ai, a developer of self driving software technology, has raised $50M in a Series B funding. The funding was led by New Enterprise Associates, and also included GGV Capital and Northern Light Venture Capital. Drive.ai is developing self driving vehicle technology, which it says is aimed at powering fleets of vehicles with retrofit kits, transforming traditional vehicles into self-driving models. Sameep Tandon is CEO and co-founder of Drive.ai. More information »